Business
Skills Portal Launch for HS2
Skills Portal Launch for HS2.
About this update from Hercules Plc
[{"type":"text","content":"\n \n \n Reach - Non-Regulatory\n \n \n \n \n \n 8 November 2022\n \n \n \n \n \n Hercules Site Services plc\n \n \n \n \n (\"Hercules\" or \"the Company\")\n \n Skills Portal Launch for HS2\n \n \n \n \n \n Hercules Site Services plc (AIM: HERC), a leading technology enabled labour supply company for the UK infrastructure sector, is pleased to announce that it has launched its skills portal, the Skills, Employment and Education (\"SEE\") Everything Portal, which has been developed in conjunction with the Balfour Beatty Vinci Systra (BBVS) joint venture on the HS2 rail project.\n \n \n The launch follows the completion of successful trials, triggering an initial payment of £44,000 to Hercules. The Company and BBVS have now entered into a licence agreement regarding the SEE Everything Portal's full implementation and use at the Old Oak Common regeneration project in west London. This represents a significant milestone in Hercules' strategy to monetise and white label its digital tools for major projects. The Company is now well positioned to progress a pipeline of licensing opportunities across the public and private sectors to secure additional recurring revenue.\n \n \n The SEE Everything Portal aims to reduce the time and resource spent coordinating, tracking, monitoring and validating data on equality, diversity, inclusion, skills, employment and education outputs on infrastructure and construction projects. Reports can be produced for any of the recorded data and have proven to be key in measuring SEE performance and demonstrating capabilities and awareness for tendering.\n \n \n The portal can be easily accessed and used across all types of devices and it utilises a user-friendly web-based interface that delivers seamless stakeholder coordination. The standardised collection of 'live' data enables contractors and sub-contractors to become more embedded in the local community and achieve more project SEE targets generating additional benefits for local people.\n \n \n \n \n \n Contractors are increasingly required to demonstrate the SEE impact of a project when entering into a tendering process following the implementation of the Social Value Act (2012). This has meant that social value has become an ever-growing metric that is being required across all sectors, especially for public spending.\n...